5, WANDS CLOSE, SOUTHWELL, NG25 0JT - £550,000

5 WANDS CLOSE is a large extended detached house of 147m², built sometime between 1976 and 1982. It was last sold for £550,000 in August 2022, which was around 65% above the average August 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was C.

5 WANDS CLOSE Sold Prices

Land registry data shows four sales for 5 WANDS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 5 WANDS CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 16 AUG	£550,000	£333,207	65% above HPI
2007 20 AUG	£308,000	£224,225	37% above HPI
2007 12 MAR	£325,000	£214,057	52% above HPI
2001 11 APR	£131,000	£98,180	33% above HPI

5 WANDS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The four 5 WANDS CLOSE sales between April 2001 and August 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2007 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the August 2022 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is 5 WANDS CLOSE?

5 WANDS CLOSE is 147m², which includes four extensions, according to the EPC inspection conducted in February 2018. This puts it in the largest 30% of detached houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses by size in Southwell, and where 5 WANDS CLOSE lies on this distribution: 75% of detached houses are smaller than 5 WANDS CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Southwell.

5 WANDS CLOSE: Plot and Title Map

5 WANDS CLOSE sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 5 WANDS CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 WANDS CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 WANDS CLOSE?

5 WANDS CLOSE is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 5 on WANDS CLOSE.